Management Meeting Rules – When I start a turnaround engagement, I set a regular weekly date and time for future management meetings. When the group sets the schedule for the meetings, I expect everyone to attend and be on time without exception. Communication is critical when a company is in the process of going from Losing to Profits. Efficient use of time is vital in turnarounds because wasted time means that the corporation is burning through cash until it is profitable again.
Management Meetings Rules.
- We distribute the agenda for each meeting to everyone attending 24 hours before the meeting. Whoever is chairing the meeting is responsible for creating and distributing the agenda. Each member must prepare to participate intelligently with all topics discussed.
- The members of the management team will rotate the responsibility of chairing the meeting.
- Attendance of the complete management team is mandatory at all meetings.
- The President’s executive assistant will attend every meeting. She is responsible for taking the minutes for the meetings.
These Management Meeting Rules will guarantee that your meetings will be more productive!
- All cell phones will be in silent mode, and only emergency calls answered.
- The meetings will be set for the same day and time each week. Then the management team can post the meetings on their calendars for the balance of the year to ensure no scheduling conflicts.
- The meetings will start on time and last a maximum of one hour.
- The meeting minutes are distributed to all attendees within one hour after the meeting.
- The first item on the agenda will be the follow-up on any open tasks from the last meeting’s minutes.
- Finally, if anyone is late to the meeting, that person will put a $20 bill in the dish on the conference room table. The second time a manager is delinquent; it costs the person $100 benefiting a local charity.
My name is Robert Curry, and I am an Author, CEO Coach, Keynote Speaker, and Turnaround Specialist. Over the past 20 years, I have worked with more than 70 companies taking their businesses from Loses to Profits.
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I have recently published two books about turnarounds: “From Red to Black – A Business Turnaround” and “The Turnaround.” Both books are true stories about turnarounds of real companies that I have turned around during my career. In both books, I have shared all my Profit Improvement Recommendations (“PIR’s”). PIR’s helped to grow sales, reduce expenses, improve cash flow, and most importantly, strengthen the management teams.
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